Dhaka is likely to sign with Singapore a couple of bilateral agreements, including one on shipping to simplify trading through the sea route between Chittagong and Singapore ports and thereby reduce shipping costs.
Shipping firms are sitting on a potential goldmine of paper profit due to the surging value of ships as a result of booming demand for marine transport to China.
Daewoo Shipbuilding & Marine Engineering, the world’s No. 2 shipbuilder, said yesterday that it aims to win more than half of 44 gas-tanker orders from Qatar by 2010. Of the total, Daewoo Shipbuilding has already secured at least 15 tankers, Chung Sung-lip, chief executive of the company, said.
Navy Secretary Gordon England argued Thursday at a congressional hearing that building destroyers at a single yard rather than splitting the work between Bath Iron Works and another shipbuilder would save the country money. He said there isn’t enough demand to build at two yards.
Members of the Senate Armed Services Committee questioned the Navy’s top civilian official on future shipbuilding plans during a hearing Thursday. Senate Armed Services Committee Chairman John Warner, R-Va., told Navy Secretary Gordon England the service should consider waiting until the department
South Korean’s Hyundai Heavy Industries has won combined orders worth USD1.1bn from Kuwait and Iran to build container ships, according to a company statement. It brings the total value of contracts won by Korean shipbuilders for LNG carriers to USD10bn.
Shipyard crews were scrambling around the Motor Vessel Jean Anne late Friday afternoon, completing the final touches ahead of the vessel’s noon Saturday departure. Built by VT Halter Ma-rine for Pasha Hawaii Transport Lines, the Jean Anne is a 579-foot, roll onoll off car.
Shipping Australia has joined a growing chorus of industry groups calling on the federal and Victorian governments to fund two-thirds of the cost of the $550 million channel-deepening project in Port Phillip Bay. But the shipping lines and exporters are at loggerheads over who should pay the bulk of
PORT AUX BASQUES, Nfld. — The ”Farley Mowat” and its crew are safe and sound in Port Aux Basques, Newfoundland. The vessel, operated by the Sea Shepherd Conservation Society, started taking on water north of Cape Breton Sunday morning and radioed for help.
Brian Thompson, skipper aboard the Oryx Quest yacht Doha 2006, sent this report from the Straits of Le Maire this morning. Cape Horn was rounded last night, and we are now through the Straits of Le Maire (with the help of the tide) and have an increasing breeze from the east.
Royal Caribbean Cruises Ltd. has signed a letter of intent with Aker Finnyards in Turku, Finland, to add a third ship to its Freedom class of vessels now being built for Royal Caribbean International. The Freedom class will be the world’s largest cruiseships, with a GRT about 6 percent larger than t
TEAM ABN AMRO is co-sponsoring an exhibit at the HISWA boat show at the RAI convention centre in Amsterdam until Sunday, 6 March. TEAM ABN AMRO is sponsoring a series of films, demonstrations, speakers and exhibits in conjunction with Zeilen magazine, a Dutch sailing magazine.
Apex Resources Group Inc. has reported that the Athabasca oil sands containing one of the largest accumulations of crude oil in the world is closing down on new business entering the area.
AN ACUTE skills shortage and continuing recruitment problems could threaten the long-term future of the North Sea oil and gas industry by delaying projects and increasing costs, it was claimed yesterday.
